Blockbuster Hunger Games, Twilight, Divergent & Saw Franchises to Lead Roster of Lionsgate Feature Films Available to Steam Customers
SANTA MONICA, Calif. and BELLEVUE, Wash., April 25, 2016 /PRNewswire/ -- Valve Corporation and Lionsgate (NYSE: LGF), a premier next generation global content leader, have formed a ground-breaking partnership under which Lionsgate has become one of the first major studios to license films to Valve's popular Steam digital distribution platform, the two companies announced today. The deal reflects Lionsgate's commitment to monetize its content across an expanding array of digital platforms by offering its movies, television programming and digital content to online audiences around the world.
The partnership will launch with over 100 Lionsgate feature films available to Steam customers, including movies from the Company's blockbuster Hunger Games, Twilight, Saw and Divergent franchises. More titles will be added as the partnership continues to expand worldwide.
"We're delighted to partner with Steam, a leader in the digital entertainment and gaming space, as part of our commitment to remain at the cutting edge of innovation in delivering content to online audiences around the world," said Lionsgate President of Worldwide Television & Digital Distribution Jim Packer. "With over 125 million users, Steam represents a unique, exciting and disruptive opportunity to expand our global distribution business."
"Lionsgate has emerged as a major creative force with a deep pipeline of blockbuster franchises and commercially exciting, star-driven event films, making them important content suppliers for our platform," said Valve head of marketing Doug Lombardi. "Their films are engaging audiences and fostering rich communities around the world, reflecting the kind of high-quality entertainment that we expect to drive the continued expansion of our content offering."
Steam customers are able to view video on all Steam-supported platforms, including Windows, Mac, Linux, SteamOS, and in virtual reality via SteamVR. Over the past year, Steam's video offering has continued to expand. Steam is a leading platform for digital content with thousands of titles and millions of users. For pricing, availability, and more, please visit http://store.steampowered.com/sale/lionsgate
Lionsgate is a premier next generation global content leader with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games, and location-based entertainment. The Company has nearly 80 television shows on 40 different networks spanning its primetime production, distribution and syndication businesses. These include the critically-acclaimed hit series Orange is the New Black, the hit broadcast network series Nashville, the syndication successes The Wendy Williams Show and Celebrity Name Game (with FremantleMedia), the breakout series The Royals and the Golden Globe-nominated dramedy Casual.
The Company's feature film business spans eight labels and includes the blockbuster Hunger Games franchise, the Now You See Me, Divergent and John Wick series, Sicario, The Age of Adaline, Roadside Attractions' Love & Mercy and Mr. Holmes, Codeblack Films' Addicted and breakout concert film Kevin Hart: Let Me Explain and Pantelion Films' Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.
Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rates. Lionsgate handles a prestigious and prolific library of approximately 16,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world. www.lionsgate.com
Joanna Dodd Massey